Capistrano Unified School District Community Facilities District 92-1, CA Rating Raised To 'A+' On Updated Methodology

CENTENNIAL (S&P Global Ratings) Jan. 10, 2019--S&P Global Ratings raised its 
long-term rating to 'A+' from 'A' on Capistrano Unified School District 
Community Facilities District (CFD) No. 92-1, Calif.'s special tax bonds. The 
outlook is stable. 

The rating reflects the application of our updated methodology, titled "Special
Assessment Debt," published on RatingsDirect on April 2, 2018.

"The stable outlook reflects our expectation that the economy will remain 
robust given its access to a broad and diverse metropolitan stastiscal area, 
very strong incomes, and low unemployment rate," said S&P Global Ratings 
credit analyst Angel Bacio. "We anticipate delinquencies in the district will 
remain low."

The bonds are secured by a pledge on all special taxes collected from mature, 
developed, occupied property within the district. We understand that the bonds 
require a reserve funded at a level equal to the least of 100% of MADS, 125% 
of average annual debt service, or 10% of the original par amount. The lien is 
closed, except for refunding purposes.

We work across the world

From London to San Francisco, to our home base in (Saint Helier) Jersey, we’re looking for extraordinary and creative scientists to help us drive the field forward.

Disclaimers: AC Investment Inc. currently does not act as an equities executing broker or route orders containing equities securities. All data and information is provided “as is” for personal informational purposes only, and is not intended for trading purposes or advice. Please consult your broker or financial representative to verify pricing before executing any trade.

77 Massachusetts Avenue Cambridge, MA 02139 617-253-1000